At this time, when employees hear about the word downsizing or cost cutting, he/she becomes very emotional and cannot concentrate on his/her work. But in such a situation, the employees should move beyond their emotions and utilize the available time to think about their new start. In such time, focus on your priorities in a positive way, because you never know when it will turn into a golden opportunity.
Employees get shocked when they hear about lay-off. Lay-off is similar to the situation; when one loses his/her parent. Some people say that the event of laid down can prove to be a golden opportunity in disguise. It is the time when you get to think that what you want to do in your life.
You can ask questions to yourself to take the long-term decisions like, ‘what and which kind of job do I want?', 'should I work in the same area of specialization?' etc. A pink slip helps you to verify an opportunity to explore your career like research for new industries, market job roles, etc. Keep your resume updated for such situations and give them to your friends and recruiters. Networking, through the social network is very useful, as you can find jobs that suit your qualification and skills. Employees should be little flexible regarding their compensation, because the company would not be able to provide as per their expectations.
Send your resume to the organization, you believe would hire someone with your qualification, skills and experience. Be in contact with colleagues, headhunters and placements agencies. Follow them without fail even if there are no immediate openings.